Circle partners with Sony’s blockchain lab on USDC expansion 

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.Turkey — the cradle of civilization — is quietly digitizing despite its high-inflation economy, and the lira’s volatility…

Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business.In a June 12 filing, Binance.US slammed the SEC’s emergency motion for a temporary restraining order on its business, calling it “draconian and unduly…

Finance minister Nirmala Sitharaman believes the introduction of a CBDC will provide a “big boost” to India's digital economy. 443 Total views 43 Total shares In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23 as means to boost the…

Russian hackers allegedly netted a profit of more than $400 million through crypto-ransomware in 2021. 159 Total views 2 Total shares According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely…

The giant continues to give a boost to its prime product despite recent shipments issues. Major cryptocurrency mining hardware manufacturer Bitmain is making a major sale to Riot Blockchain, a Nasdaq-listed crypto mining company.According to an Aug. 24 announcement, the firms signed a $17.7 million purchase agreement for 8,000 Bitmain Antminer S19 Pros that includes…

Hybrid blockchain solutions startup Kadena has updated its enterprise blockchain platform on the Microsoft Azure Marketplace.On Aug. 27, Kadena announced that its new product called Kadena Scalable Permissioned Blockchain is available on Azure Marketplace for free.Blockchain scalability ambitionsFounded by former blockchain experts at United States banking giant JPMorgan, Kadena first released its permissioned blockchain on…

Open interest for Bitcoin options hit their all-time high of $2.14 billion on Sept. 24, a day before a huge quarterly expiry of 89,100 contracts — i.e., 47% of existing options contracts at the time. Options are derivative contracts that give the holder the right (though not an obligation) to purchase or sell an underlying…

Tesla is now able to hold Bitcoin in reserves, thus accepting Bitcoin as payment for its cars without necessarily converting it. 2442 Total views 32 Total shares Elon Musk’s Tesla Motors is following in the footsteps of MicroStrategy and other companies by allocating part of its balance sheet to Bitcoin (BTC).In Monday’s filing with the…

Bitcoin price (BTC) is taking a bit of a breather after breaking flipping the $7,600 resistance to support during the morning trading hours of Nov 29. While the current technical setup is exciting, bulls will need to supply significant enough volume for the price to break to the upside of the rising channel, above the $7,800…